Services / Chemical Risk Management
Chemical Risk Management
SERVICE DESCRIPTION:
Cole Chemical serves as a contingency for your primary suppliers, particularly in situations of force majeure. In the event of unforeseen circumstances or major unavoidable incidents affecting your main suppliers, Cole Chemical steps in to ensure continuity and reliability in the supply chain. This strategic partnership mitigates risks associated with disruptions, offering a dependable alternative to maintain a seamless flow of essential materials. Count on Cole Chemical to provide steadfast support, reinforcing your supply network and contributing to the resilience of your operations during challenging force majeure conditions.
BENEFITS
To Customers:
Reduced risk of supply interruption
Ability to continue plant operations
Avoid loss of revenue
Ability to sell product avoiding end user penalties
To Supplier:
Customers are not required to source from a new supplier
Planned risk management
Exceeding customer expectations in support of M/WBE programs
“Cole Chemical helped us
avoid huge losses.”
– VP of Purchasing
Our Products
Cole Chemical provides a wide range of chemicals as well as custom tailored products for your industry.
“Cole Chemical assisted my career. They made me look like the guy who could find anything in short supply.”
Global Strategic Purchasing Manager,
Large Chemical Company
SUCESS STORY:
Customer:
Shell Oil and Shell Chemical Companies contracted with a manufacturer to supply 100% of their needs. The manufacturer contracted with Cole Chemical to supply up to 10% of Shell’s needs to assist Shell in meeting their M/WBE goals and to provide an optional source of supply during force majeure situations.
During Katrina, Rita, and Ike Cole Chemical supplied customers with hard-to-get material because contracted suppliers could not ship due to lack of inventory or shutdowns.
To supplier:
There was a global EO shortage due to plant explosions in the US and UK. A corn sweetener manufacturer could not source EO worldwide, thus, Cole Chemical was asked to deliver Ethylene Glycol in exchange for EO molecules so the corn sweetener manufacturer could continue operating to supply a global soft drink company.
Notable Events
